GS Yuasa Placement - Well Flagged but Relatively Large Deal, Liquidity Might Be an Issue

Zensho Placement - Good Price to Raise At, at Least for the Company

Denso Corp Placement - Possible Placement by Toyota to Raise US$4.7bn

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

Equity Bottom-Up

<p>After a lot of hand-wringing and soul searching, Bosch has decided not to build its own battery cells. Previously, Bosch had considered entering the battery cell production business, but it is now concerned about the risk-return trade-off, fearing that high investments would not necessary generate adequate paybacks. Bosch said that it would cost the company an estimated €20bil to achieve a market share of 20%; given that Bosch would have to start building a product from scratch while competing…</p>

After a lot of hand-wringing and soul searching, Bosch has decided not to build its own battery cells. Previously, Bosch had considered entering the battery cell production business, but it is now concerned about the risk-return trade-off, fearing that high investments would not necessary generate adequate paybacks. Bosch said that it would cost the company an estimated €20bil to achieve a market share of 20%; given that Bosch would have to start building a product from scratch while competing…

GSユアサ（6674 JP） - ボッシュが全固体電池開発から撤退

Gs Yuasa Corp

GSユアサ（6674 JP） - ボッシュが全固体電池開発から撤退